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<h1>India Revises Service Tax Rules: New Definitions and Tax Responsibilities Effective July 1, 2012, per Notification No. 36/2012</h1> The Government of India, through the Ministry of Finance, issued Notification No. 36/2012 to amend the Service Tax Rules, 1994. Effective from July 1, 2012, the amendments introduce new definitions for terms like 'banking company,' 'body corporate,' and 'legal service,' among others. The notification details the entities responsible for paying service tax across various services, including insurance, goods transport, sponsorship, and legal services. It also outlines provisions for service tax on renting immovable property and exporting services. Adjustments for excess service tax payments and specific invoicing requirements for financial institutions are included.